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Jakarta
Monday, May 21, 2018
JAKARTA (TheInsiderStories)--Indonesia and India agreed to cooperate in the maritime sector to balance China's Belt and Road Initiative (BRI). The preliminary talks on the agreement took place during a visit by the Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan to New Delhi. The cooperation opportunities will take more concrete...
JAKARTA (TheInsiderStories) - Indonesian prosecutors asked on Friday (18/5) the panel of judges at the South Jakarta public court to hand down a death penalty for Aman Abdurrahman, the alleged spiritual leader of Jamaah Ansharud Daulah (JAD), the nation's largest pro-IS terrorist group. Abdurrahman, who police and prosecutors say is a...
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) raised its key interest rate by 25 basis point (bps) to 4.50 per cent for the first time since 2014 to support the rupiah and stabilize domestic markets, BI Governor Agus Martowardojo said in a press conference on Thursday (17/5). The Indonesian Central Bank also...
JAKARTA (TheInsiderStories) -Indonesia power producer PT Perusahaan Listrik Negara (PLN) announced on Thursday the expiration and results of its previously announced tender offers to purchase for cash any and all of the outstanding bonds worth US$750 million  which is due in August 2019. The bonds were issued by Majapahit Holding...
JAKARTA (TheInsiderStories) - Indonesia's venture capital firm Alpha JWC Ventures has announced to join with global technology platform and digital payments leader PayPal Holdings, Inc. (NASDAQ: PYPL) to invest up to US$5.0 million in participants of PayPal Incubator, a FinTech (financial technology) startup incubation program in Southeast Asia. Launched in 2016, PayPal...
JAKARTA (TheInsiderStories)- The provincial government of Jakarta will divest its entire 26.25 per cent stake in beer maker and distributor PT Delta Djakarta Tbk, Governor Anies Baswesdan said on Wednesday (16/5). Baswedan said the divestment is expected to fetch some Rp1 trillion, which will be used to create employment opportunities, build education facilities and support...
JAKARTA (TheInsiderStories)—The Indonesia Stock Exchange (IDX) launched three new stock indexes on Thursday (17/05) as an alternative reference for investors and traders in the market. It includes IDX High Dividend 20 that groups 20 publicly-listed companies, which regularly distributed dividends to its shareholders for the last 3 years and have...
JAKARTA (TheInsiderStories) - Indonesian beauty e-commerce and social platform Sociolla, has announced that it is closing a major funding of US$12 million, led by EV Growth. Participating in the round as well are istyle Inc. and one major institutional investor from Singapore. The company said that these funds will be used partly...
JAKARTA (TheInsiderStories)— The Indonesian government plans to launch an integrated licensing policy or online single submission (OSS) on May 20, 2018, but it must be followed by a push to simplify regulation and provide more fiscal incentives to attract investment. The government is still preparing the launching of single submission...
JAKARTA (TheInsiderStories) - A spat of terrorist attacks that rocked the nation since Sunday (13/5) may hurt the Indonesian government to record 17 million tourist visits this year. Twelve countries, including the United States, United Kingdom, Australia, Singapore and Malaysia, have reportedly issued travel advisories for their citizens in Indonesia...

Latest article

Mayapada to Raise US$351M via Sub-debts, Rights

JAKARTA (TheInsiderStories)--PT Bank Mayapada International Tbk (MAYA) plans to raise a fund of Rp4 trillion (US$281.543 million) to Rp5 trillion (US$351.929 million) by issuing...

Policy Review: A Long Road To End Up Freeport’s Renegotiation Contract

JAKARTA (TheInsiderStories) - For the umpteenth time PT Freeport Indonesia's (PTFI) share divestment agreement drag on for unexplained reasons. Earlier President Joko Widodo optimistic PTFI divestment could...

Indonesia Pertamina More Aggressively Acquires Overseas’s Assets

JAKARTA (TheInsiderStories) - After more than a year of negotiations,The largest energy producer in Indonesia PT Pertamina expects to complete its acquisition of an operating interest...

Industry 4.0: Carry Out Effectiveness in Automotive Sector

JAKARTA (TheInsiderStories) - In the light of fourth industrial revolution era Ministry of Industry of Indonesia has laid out five sectors in which implementation of...

Rupiah Weakens Over Current Account Deficit Concerns

JAKARTA (TheInsiderStories)—The rise of Bank Indonesia’s (BI) interest rate by 25 basis points (bps) to 4.50 per cent was unable to hold rupiah weakening,...

Govt Aims 5.8% GDP Growth in 2019

JAKARTA (TheInsiderStories) - Minister of Finance Sri Mulyani Indrawati said on Friday (18/5) the government had set the target of economic growth in 2019 in...